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NOTE>>> There will be NO 10:40 update today, I will only be doing this one and the afternoon update. read more to see why:

Hello Everyone, welcome back from your weekend. As always I hope it was a really good one for you.

Ours was quite a mix of emotions. On the one good hand, my wife flew out Friday evening to spend a week with her dad and brother up in NJ. Since her mom passed two years back, she finds these yearly trips to spend time with her dad really important. I couldn't agree more. I hope they have a fantastic time.

Good morning folks, welcome to Tuesday and I hope it's a happy one for you all.

So, they did it. With just 55 million shares of the SPY traded all day, they eeked out a new all time high...even on a closing basis. The DOW had hit 21K during the session, but came up 19 points shy at the close. As I whined about at the 10:40 update yesterday, of course this made no real sense. Not one person in ten thousand can quantify the amount of business lost through out Europe over the malware attack. Yet they didn't care. We had a negative Empire report. They didn't care. No, it was Monday so it was time to set new highs.

Every day there’s some new, strange situation for us to chew on. Make NO mistake folks, this election is the single biggest election of our lives. How can I say that? Easy. Look at the rabid way they’re trying to push Hillary into the White house. Look at the way they’re burying the Email scandal, and the Clinton Foundation scandal. Look at the way they’re vilifying Trump for every word the man says. This is out and out war like we’ve never seen.

“Markets don’t have a purpose any more — they just reflect whatever central planners want them to.” – Mark Spitznagle

Well there you have it. Not from Crazy Bob, not from some whacked out you tube character proclaiming that reptilians are shape-shifting into Presidents. No, just a guy who made over a billion dollars in ONE Day last year.

To further quote him, “This is the greatest monetary experiment in history. Why wouldn’t it lead to the biggest collapse? My strategy doesn’t require that I’m right about the likelihood of that scenario. Logic dictates to me that it’s inevitable"